Argus Boosts American Electric Power (NASDAQ:AEP) Price Target to $140.00

American Electric Power (NASDAQ:AEP) had its price objective increased by analysts at Argus from $128.00 to $140.00 in a report issued on Monday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. Argus’ price objective would suggest a potential upside of 6.12% from the company’s previous close.

A number of other research firms also recently commented on AEP. Bank of America downgraded American Electric Power from a “buy” rating to a “neutral” rating and reduced their target price for the company from $131.00 to $122.00 in a report on Monday, January 12th. Wall Street Zen upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Sunday. Barclays boosted their price objective on shares of American Electric Power from $121.00 to $128.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. JPMorgan Chase & Co. increased their target price on shares of American Electric Power from $121.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $150.00 price target on shares of American Electric Power in a research report on Friday, February 20th. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.88.

American Electric Power Trading Down 1.0%

NASDAQ AEP opened at $131.92 on Monday. American Electric Power has a 52-week low of $97.46 and a 52-week high of $134.60. The firm has a 50-day moving average price of $121.46 and a 200 day moving average price of $117.54. The stock has a market capitalization of $71.35 billion, a P/E ratio of 19.69, a P/E/G ratio of 3.14 and a beta of 0.61. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.07 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Equities research analysts expect that American Electric Power will post 5.87 EPS for the current year.

Insider Activity at American Electric Power

In related news, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction of $542,320.48. Following the completion of the sale, the executive vice president directly owned 42,263 shares in the company, valued at approximately $5,582,097.04. This trade represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the transaction, the director owned 25,898 shares in the company, valued at approximately $2,980,082.86. This trade represents a 16.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,457 shares of company stock valued at $1,295,273 over the last ninety days. Insiders own 0.07% of the company’s stock.

Institutional Trading of American Electric Power

Several large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after acquiring an additional 1,095 shares during the period. Acadian Asset Management LLC purchased a new position in American Electric Power during the first quarter valued at approximately $320,000. Sivia Capital Partners LLC increased its stake in American Electric Power by 149.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock valued at $507,000 after buying an additional 2,931 shares during the period. Assetmark Inc. lifted its position in American Electric Power by 7.6% in the 2nd quarter. Assetmark Inc. now owns 38,477 shares of the company’s stock worth $3,992,000 after buying an additional 2,706 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in American Electric Power by 6.7% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,186 shares of the company’s stock worth $331,000 after buying an additional 200 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Company Profile

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.